Remove America Remove Cards Remove Operations Remove Regional
article thumbnail

MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors.

America 248
article thumbnail

WEX Takes The Virtual Card To Latin America

PYMNTS

Corporate payments firm WEX is pushing virtual card technology within Latin America and has announced a new partner to help the cause. Argo will integrate WEX’s virtual card number (VCN) technology as an additional payment option for its corporate and travel agency clients.

America 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Latin America Enjoys A Boost In Its Digital Prospects

PYMNTS

What will it take to make Latin America more digital — in payments, commerce, FinTech or even healthcare? Cash remains king in the region, with about two-thirds of consumers in Latin America preferring that payment method over credit, according to estimates.

America 109
article thumbnail

A Guided Tour Of Payments In Latin America

PYMNTS

Latin America is a land of opportunity, but it also presents challenges that demand an on-the-ground understanding of commerce and transacting within the various countries and cultures that it comprises. Operating locally can give a payments service provider a distinct advantage. WHY GOING LOCAL MAKES A DIFFERENCE.

America 100
article thumbnail

Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. In Latin America, the infrastructure mainly relies on banks to provide kind of these types of services to the SME segment. “In trillion globally, according to Shoihet.

article thumbnail

Commercial Cards Take The Global B2B Payments Stage

PYMNTS

One way to cut the paper chase is for companies to embrace commercial card products, which can speed payments and aggregate information alongside those payments, while reducing errors and eliminating security risks typically associated with ACH transactions. avoids cross-border and FX fees , as payments are settled in GBP, euros, U.S.

Cards 146
article thumbnail

Western Union Expands Banco Monex Alliance, Volopa Unveils Contactless Multi-Currency Cards

PYMNTS

based Volopa has unveiled contactless multi-currency prepaid cards and India- based Obopay purchased mobile app company Mubble. London-based Volopa has unveiled contactless multi-currency prepaid cards geared toward businesses and consumers, according to reports. In addition, U.K. In the U.K.

Cards 138